Markets Global markets are stable overnight, and the euro, yen and pound all recover a bit of ground against the dollar, as the greenback surged to 14-year highs vs. the euro and a broader basket of currencies yesterday as markets repositioned … Continue reading
Markets Crude oil prices are recovering from their slide after the Federal Reserve hiked interest rates yesterday. A stronger U.S. dollar is seen as a possible concern on demand. Investors expect a tight market in 2017 on their faith in … Continue reading
Markets ‘Tis the season for rate hikes. At 2 p.m. ET the Federal Reserve is expected to announce its first interest rate increase since last December and only the second since the financial crisis. But what’s less widely known is … Continue reading
Markets U.S. stock index futures are pointing to a higher open on Wall Street as the FOMC begins its two-day meeting on interest rate policy. It’s near certain the Fed will inaugurate the Trump era with a rate hike and … Continue reading
Markets Oil prices have jumped 5% to over $54/bbl after OPEC and non-OPEC producers signed their first deal to cut output since 2001. Led by Russia, non-OPEC nations agreed to reduce production by 558K barrels per day, falling just short … Continue reading
Markets Oil prices have stabilized after a volatile session caused by questions over the OPEC and non-OPEC meeting due to be held this weekend. There’s growing optimism that Russia, Kazakhstan, Azerbaijan and others might agree to cut output following an … Continue reading
Markets Mario Draghi’s final policy announcement of the year will come at 7:45 a.m. ET, with a highly watched press conference to follow 45 minutes later. More important than the expected extension of asset purchases at the current monthly pace … Continue reading
Markets Futures hold on to gains after Dow record U.S. futures and global shares are holding on to their Italy-related gains after the Dow notched a new record closing high on Monday. The current U.S. bull market is now three … Continue reading
Markets In Asia, Japan +0.5%. Hong Kong +0.8%. China -0.2%. India +0.2%. In Europe, at midday, London +0.2%. Paris +0.2%. Frankfurt +0.2%. Futures at 6:20, Dow flat. S&P +0.1%. Nasdaq +0.1%. Crude -0.9% to $51.34. Gold -0.3% to $1172.60. Ten-year … Continue reading
Markets Taking cues from the U.S. election and post-Brexit trading, a “Renzi resignation rally” is underway across the globe after denting equities earlier in the session. With virtually all the ballots counted, 59.6% of Italians voted to block the Prime … Continue reading